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Comments (3 of 3)
Jump To Comment: 1 2 3There was speculation on the Vincent Browne Tonight proramme last night that Harding was forced to pull an article on the tax affairs of businessman Denis O'Brien, last weekend.
O'Brien who made about £250 million (IR Pounds) from the sale of the loss making Esat Telecom at the height of the dot com boom, was a tax resident of Portugal at the time- a country which did not have any capital gains tax. As an Irish tax resident, he would have had to pay about £50 million (€63 million) in capital gains tax.
Normally the ONLY goal of most businesses is profits, so you can speculate when a major manager who seems successdul at that departs. But the media IS a little different. Like any business, it needs to make money to stay in existence. But unlike ordinary businesses, newspapers, etc. often have POLITICAL objectives as well.
So when you can rule out financial failures, unlike in ordinary businesses, when an editor in chief departs form a paper you shouldn't simmediately uspect "shenannigans" but until you know otherwise, the much more likely "difference of editorial opinion" between the editor and the publisher.
Remember -- the opinions expressed by a "free" paper are those of the publisher (if that's what the publisher wants) and the editors are hired on board to implement -- or leave if they can't stomach the tripe. And no, if this is the situation here it wouldn't be over one story of this sort. Oh it CAN be over one story, but that would be one hell of a story, the sort that brings down governments, not a minor scandal.
An interesting hypothesis about the "secrecy" surrounding Ted Harding's departure, but quite inaccurate.
Ted left on Friday. By Sunday we had a story on page 2, plus the lead letter on the letters page and the Vincent Browne column speculating on the reasons for the move.
Hardly secret!